Middle East Economic Survey

VOL. XLVII

No 40

4-October-2004

SUPPLY/DEMAND

Global Oil Production Capacity To Grow 2-4% By 2008, Says Deutsche Bank

Global oil production capacity is forecast to grow by 2-4% to 2008, and there are enough development projects envisaged to 2015 to enable the industry to offset production declines in mature areas, according to Deutsche Bank. In the report Major Oils 2004: Fossil Addicts, published on 6 September, Deutsche Bank analysts JJ Traynor, Caroline Cook and Adam...